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[Drexel]

Double edit: Distribution in confusing.

50% to IPO investors, 50% to miners. Mining period will last between 2-4 weeks, and the mining reward you can expect to receive will be steady, no matter how many people are mining. This is in contrast to other coins where the average reward decreases as more people are mining the coin.

Right, so how many of the 1 billion are distributed during the 3 week period, and then the POS period? The way I read it was that the 1 bln is mined in three weeks, then during POS period we   in a p2p fashion.

All of the 1 billion comes from the 2-4 week mining period. After that, PoS is used to run the network. There is a 2% yearly stake reward to support PoS mining.

2% annual interest?  PhilosopherStone has more than that in monthly interest with 50% interest per year.  And the total number of PHS will only be in the single digit millions.  Why did you set the stake interest so low?

50% yearly interest causes hording which is unhealthy for a currency. 2% interest is a modest amount that doesn't encourage hoarding, but still offers some incentive. All variables have been carefully chosen with long term sustainability in mind.

[Jonesd]

Blackcoin is 1% interest, so not that low.

The MH/s thing is kinda like an IPO, where someone might decide to suddenly mine a lot an dillute everybody's share. I wonder how it will work out.

[Drexel]

Blackcoin is 1% interest, so not that low.

The MH/s thing is kinda like an IPO, where someone might decide to suddenly mine a lot an dillute everybody's share. I wonder how it will work out.

That's what we were aiming for. Think of it like an IPO that you buy into using hashes.

[bgs1154]

This sounds like a copy/paste mintcoin

[Drexel]

Hardly... The distribution mechanics are totally different.

[Jonesd]

Hardly... The distribution mechanics are totally different.

I think the concept is interesting, but an IPO of 50% for "collected from the IPO will be held and spent transparently by the GreenCoin Team to further develop and promote the coin." is shady. Why would you as the developer get 50% of the market share? It's not even for a good cause (other than yourself) :S

[DaFockBro]

another scrypt clone with a slightly modified distribution.

epic fail.

give us something innovative.

no more scrypt, please do not bump this POS (piece of shit) thread.  let the scrypt clones die

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[JamesOng]

another IPO stuff..but i will say you this:FUCK OFF!

they always starting with how fair the distribution is bla bla bla...and then show their true face so quickly---> buy it or you will get nothing!
the most fair distribution so far i have ever seen is Coin2...althought that is far from 100% fair yet however it start a good concept :SHARING IT  FREE WITH COMMUNITY BEFORE IT HAS ANY VALUE...this is important bc there are still tons of ppl outside there knowing about crypto currentcies but they won`t want to step inside..why? ask yourself a question..wth should they buy these crypto coins for while they are still nothing to spend on yet?(exspecially new coins)..most of them not interesting in mining or decentralize stuff etc..but they will buy and use it if its really have some convenient applycation..but before this..if anycoin that ask you to buy it just bc it promising it will have value blablabla or claim that how innovative it's coin blablabla..let me tell you ..99% of them just interesting with the money in your porket..they don`t actually care to improve the world.

[miramare]

The coding of the client is already complete. You can see some screenshots at http://getgreencoin.com/greencoin-ipo-redemption-instructions/. Not sure how else I can alleviate concerns without releasing it.

1. This could be a scam. Stackcoin also has a nice screenshot.

2. If not, there is no profitable potential to invest on this copy-paste. Anything new ? No!

3. Similar to Blackcoin with PoW+PoS, but with a 50% premined. Shit! Oh, no ! No premined. Now "premined" has been dressed up with its new clothes "IPO".

[Lordoftherigs]

The coding of the client is already complete. You can see some screenshots at http://getgreencoin.com/greencoin-ipo-redemption-instructions/. Not sure how else I can alleviate concerns without releasing it.

We've seen some nice photoshopped pictures with stackcoin before. Sorry mate but this means nothing. You're about to ask for a lot of money how about some company details your real name address and proofs of that instead.

[y17171]

interest ing....

[siva_gami1203]

give the ipo coins for free like aurora coin. you will make more than the ipo

[Drexel]

another IPO stuff..but i will say you this:FUCK OFF!

they always starting with how fair the distribution is bla bla bla...and then show their true face so quickly---> buy it or you will get nothing!
the most fair distribution so far i have ever seen is Coin2...althought that is far from 100% fair yet however it start a good concept :SHARING IT  FREE WITH COMMUNITY BEFORE IT HAS ANY VALUE...this is important bc there are still tons of ppl outside there knowing about crypto currentcies but they won`t want to step inside..why? ask yourself a question..wth should they buy these crypto coins for while they are still nothing to spend on yet?(exspecially new coins)..most of them not interesting in mining or decentralize stuff etc..but they will buy and use it if its really have some convenient applycation..but before this..if anycoin that ask you to buy it just bc it promising it will have value blablabla or claim that how innovative it's coin blablabla..let me tell you ..99% of them just interesting with the money in your porket..they don`t actually care to improve the world.

There is no fair way to distribute coins for free on this website. There are too many people that have dozens upon dozens of fake accounts they use for giveaway threads. We think we've come up with an very fair mining distribution algorithm, but that still alienates those who aren't miners. Hence the IPO. So investors/speculators can participate as well. This is set up so that no one can cheat the system.

Promoting a coin takes time, effort, and most of all, money. All BTC collected will be funneled towards activities that improve the value of the coin, which is a good thing for both miners and investors alike. Don't underestimate the value of proper marketing. Dogecoin for example jumped from a 10 million market cap to over 50 million after they spent $30,000 on the Jamaican bobsled team. A $30,000 investment led to a $40,000,000 increase in valuation. Impressive right? But that money has to come from somewhere. That is what we hope to accomplish with the IPO funds.

Right now we have 2 investors for a total of 0.35 BTC. If that is all there ends up being then lucky for them.

[Jonesd]

another IPO stuff..but i will say you this:FUCK OFF!

they always starting with how fair the distribution is bla bla bla...and then show their true face so quickly---> buy it or you will get nothing!
the most fair distribution so far i have ever seen is Coin2...althought that is far from 100% fair yet however it start a good concept :SHARING IT  FREE WITH COMMUNITY BEFORE IT HAS ANY VALUE...this is important bc there are still tons of ppl outside there knowing about crypto currentcies but they won`t want to step inside..why? ask yourself a question..wth should they buy these crypto coins for while they are still nothing to spend on yet?(exspecially new coins)..most of them not interesting in mining or decentralize stuff etc..but they will buy and use it if its really have some convenient applycation..but before this..if anycoin that ask you to buy it just bc it promising it will have value blablabla or claim that how innovative it's coin blablabla..let me tell you ..99% of them just interesting with the money in your porket..they don`t actually care to improve the world.

There is no fair way to distribute coins for free on this website. There are too many people that have dozens upon dozens of fake accounts they use for giveaway threads. We think we've come up with an very fair mining distribution algorithm, but that still alienates those who aren't miners. Hence the IPO. So investors/speculators can participate as well. This is set up so that no one can cheat the system.

Promoting a coin takes time, effort, and most of all, money. All BTC collected will be funneled towards activities that improve the value of the coin, which is a good thing for both miners and investors alike. Don't underestimate the value of proper marketing. Dogecoin for example jumped from a 10 million market cap to over 50 million after they spent $30,000 on the Jamaican bobsled team. A $30,000 investment led to a $40,000,000 increase in valuation. Impressive right? But that money has to come from somewhere. That is what we hope to accomplish with the IPO funds.

Right now we have 2 investors for a total of 0.35 BTC. If that is all there ends up being then lucky for them.

For such a big IPO you need clearer goals. What's in it for you, for example? YOu are bound to keep a part of the BTC for yourself. It would make more sense if you would donate 90% to some environmental charity, keep 9% for promotion and 1% for yourself.

[Drexel]

another IPO stuff..but i will say you this:FUCK OFF!

they always starting with how fair the distribution is bla bla bla...and then show their true face so quickly---> buy it or you will get nothing!
the most fair distribution so far i have ever seen is Coin2...althought that is far from 100% fair yet however it start a good concept :SHARING IT  FREE WITH COMMUNITY BEFORE IT HAS ANY VALUE...this is important bc there are still tons of ppl outside there knowing about crypto currentcies but they won`t want to step inside..why? ask yourself a question..wth should they buy these crypto coins for while they are still nothing to spend on yet?(exspecially new coins)..most of them not interesting in mining or decentralize stuff etc..but they will buy and use it if its really have some convenient applycation..but before this..if anycoin that ask you to buy it just bc it promising it will have value blablabla or claim that how innovative it's coin blablabla..let me tell you ..99% of them just interesting with the money in your porket..they don`t actually care to improve the world.

There is no fair way to distribute coins for free on this website. There are too many people that have dozens upon dozens of fake accounts they use for giveaway threads. We think we've come up with an very fair mining distribution algorithm, but that still alienates those who aren't miners. Hence the IPO. So investors/speculators can participate as well. This is set up so that no one can cheat the system.

Promoting a coin takes time, effort, and most of all, money. All BTC collected will be funneled towards activities that improve the value of the coin, which is a good thing for both miners and investors alike. Don't underestimate the value of proper marketing. Dogecoin for example jumped from a 10 million market cap to over 50 million after they spent $30,000 on the Jamaican bobsled team. A $30,000 investment led to a $40,000,000 increase in valuation. Impressive right? But that money has to come from somewhere. That is what we hope to accomplish with the IPO funds.

Right now we have 2 investors for a total of 0.35 BTC. If that is all there ends up being then lucky for them.

For such a big IPO you need clearer goals. What's in it for you, for example? YOu are bound to keep a part of the BTC for yourself. It would make more sense if you would donate 90% to some environmental charity, keep 9% for promotion and 1% for yourself.

We are each investing a small amount into the IPO, as well as participating in the mining period... And leading a coin has it's own set of intrinsic benefits, naturally.

Donating 90% to a charity like that would accomplish nothing for holders of the coin. Doing good is one thing, but we want to generate buzz as well. Dogecoin nailed it perfectly with the bobsled team, we hope to do an encore.

[Drexel]

Quick screenshot of the backend of our ordering system.

https://i.imgur.com/adw7Q9k.png

I'm sure you can appreciate how simple it makes the whole process for everyone involved.

[Bansheroom]

Why should anyone invest real money into a simple mintcoin clone?

[lemfuture]

Why should anyone invest real money into a simple mintcoin clone?

plus mintcoin isnt even going anywhere. there are lots of proof-of-stake coins already

[Drexel]

Why should anyone invest real money into a simple mintcoin clone?

Why did people invest into mintcoin? It was just a novacoin clone.
Why did people invest into novacoin? It was just a ppcoin clone.
Why did people invest into ppcoin? It was just a bitcoin clone.

I'm sure you see where I'm going with that. When talking about PoS coins, it is the mechanism of distribution that sets them apart from each other. Our distribution model is better than that of our predecessors. No other coin has been able to create a system that distributes based on personal hashrate contribution. This is an IPO that you can buy into using either hashrate or bitcoin. It is unique.